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Valued Member
takethat
Posts: 39
Registered: ‎03-13-2011

Finally $ to PIF... can I get lates removed?

I have been on a payment arrangement with Bank of America since about 2007. There are several lates showing back in 2007. The account is closed. I finally have the money to pay off the entire balance. Can I use this as leverage to get these lates or TL removed from my CR? Should I call or write? Anyone had success with this?

 


Starting Score: EQ 618
Current Score: EQ 653, TU 674, EX 633
Goal Score: 720


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Super Contributor
CS800
Posts: 6,542
Registered: ‎04-07-2008

Re: Finally $ to PIF... can I get lates removed?

Let me know if you have any success.

 

I have 3 BoA cards that were closed in 2007 and i have been on a payment plan too. All my lates were in 2007 also.

 

This month, i will be paying off one of the cards. So i'm hoping to GW the 2007 lates so this account becomes positive.

 

 






Moderator
guiness56
Posts: 22,408
Registered: ‎01-17-2008

Re: Finally $ to PIF... can I get lates removed?

Frequent Contributor
prolificjinx23
Posts: 291
Registered: ‎02-05-2011

Re: Finally $ to PIF... can I get lates removed?

The problem with BOA is that they don't "say" no - they just don't respond until you've hit a nerve & contacted someone higher up then they use the good stationary to say NO! LOL!!! I've been trying to get someone at BOA to delete a paid account or at least the lates with no luck for months. Let me know if you have some luck!



Starting Score: EQ 414 (01/05/11), TU 422 (01/05/11), EX ???
Current Score: ALL FICO's: EQ 654 (04/17/13), TU 641(03/04/13), EX 638 (03/20/13 - AMEX SOFT PULL)
Goal Score: ABOVE 680 ALL 3
Current Cards: Too many!!! App Free since 04/19/13 & NOT APPING until 04/2014....
Established Contributor
sjt
Posts: 588
Registered: ‎05-05-2010

Re: Finally $ to PIF... can I get lates removed?

@prolificjinx23

 

What did you say in your GW letter to B of A? I heard they were reasonable.

 

 

Frequent Contributor
prolificjinx23
Posts: 291
Registered: ‎02-05-2011

Re: Finally $ to PIF... can I get lates removed?

@ sjt

 

The truth.... I was broke at the time I defaulted (without any sob story) but I have paid it in full thru the CA & I know that it's against their policy to delete TL's but if they can find it in their heart to delete it I would greatly appreciate it. I'm desperate to have this resolved. I want to make my dream of owning a home a reality - NOT FOR ME but for my kids! :smileyhappy:



Starting Score: EQ 414 (01/05/11), TU 422 (01/05/11), EX ???
Current Score: ALL FICO's: EQ 654 (04/17/13), TU 641(03/04/13), EX 638 (03/20/13 - AMEX SOFT PULL)
Goal Score: ABOVE 680 ALL 3
Current Cards: Too many!!! App Free since 04/19/13 & NOT APPING until 04/2014....
Valued Member
takethat
Posts: 39
Registered: ‎03-13-2011

Re: Finally $ to PIF... can I get lates removed?

Thank you for the replies, everyone.

I guess my major question is which should I do?

 

1) Pay off the balance and later GW B of A

2) Wait to pay off the balance until I can get a PFD in writing or some other agreement in my favor?

 

Thanks!


Starting Score: EQ 618
Current Score: EQ 653, TU 674, EX 633
Goal Score: 720


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Established Contributor
MBOhio2
Posts: 946
Registered: ‎02-07-2011

Re: Finally $ to PIF... can I get lates removed?

Start with an attempt to PFD - send a letter, wait a few weeks, send another letter, wait a few weeks, etc.

 

Eventually, after enough ignored PFD letters (or actual "nos") and for your own piece of mind, I would then just pay it and flip to the GW strategy. However, I have been trying to get a few lates removed from a BOA loan still in good standing (line of credit, closed, but has been on-time for years now) and I have gotten multiple, adamant "nos" in response to my GW letters. Therefore, I would try really hard for a PFD first because BOA seems to be very unwilling to remove lates through GW. The incentive of PIF will give you a much better chance.

 

Good luck!

Mid-2010 Starting Scores: FAKO EQ 476 FAKO EX 506 FICO TU98 575
Jan 2012 Current Scores: FICO EQ 604 FICO EX ??? TU98 623
Feb 2012 Goal Scores: EQ 620 EX 620 TR 620 (or just the middle to be 620!!)
Established Contributor
sjt
Posts: 588
Registered: ‎05-05-2010

Re: Finally $ to PIF... can I get lates removed?

@ prolificjinx23

 

I would keep trying and maybe re-word the letter to have them make an goodwill "adjustment" on your accounts rather then "delete the file" You might also mention that you choose the option of a payment plan that would allow you to pay the balance in full rather then a settlement amount.

Valued Member
takethat
Posts: 39
Registered: ‎03-13-2011

Re: Finally $ to PIF... can I get lates removed?

Thanks everyone! I'll keep you posted!


Starting Score: EQ 618
Current Score: EQ 653, TU 674, EX 633
Goal Score: 720


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